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Key to Markets Demo Account

Key to Markets Demo Account

 

Overall Rating

4.7/5

Rated #46 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, Key To Markets Demo Account offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Key To Markets Demo Account practice forex trading in 100% risk-free environment.

 

How to set up a Key to Markets Demo Account – Step by Step

 

To register for, and set up a Key to a Markets demo account, traders can follow these steps:

  1. Navigate to the Key to Markets website and click on the ‘Try Free Demo’ banner on the homepage.
  2. The trader will be redirected to an online application where they have to select their title, fill in their First and Last name, birth date, country of residence, phone number, and email address along with having to choose a password.
  3. As soon as the trader has completed all the fields, they have to read, acknowledge, and accept the Terms and Conditions before clicking ‘Continue’.
  4. Traders will be redirected to a new page informing the trader that a confirmation link had been sent to the email address that they provided.
  5. When clicking on the link, the trader will have confirmed their email address and they can proceed to the Client Portal.
  6. Unfortunately, as with live accounts, the trader will not be able to access the demo account until they have uploaded proof of identification, proof of residence, and the trading questionnaire.
  7. Once the trader has submitted this documentation, they will be able to access their demo account in addition to being able to quickly convert the demo account to a live account.

 

Trading can be a very intimidating task for beginners without prior knowledge, skill, or experience in trading and through the provision of demo accounts, brokers provide a comprehensive and risk-free environment for beginner traders.

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders with the opportunity to explore what Key to Markets has to offer.

 

Overall Rating

4.7/5

Rated #46 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Key to Markets Demo Account Features

 

The Key to Markets demo account features will depend on the trading platform that the trader uses, whether MetaTrader 4, API FIX, or AutoTrade Myfxbook, in conjunction with the demo account.

In other words, the demo account features can be accessed through the trading platform and will depend on Key to Markets’ offering with regards to asset classes, financial instruments, spreads, leverage, and so on.

 

Pros and Cons

 

✔️ PROS  ❌CONS
Demo account sign up fully digital Full registration needed to access the demo account
Long, tedious sign-up process due to document uploads and pending approval

 

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You might also like: Key To Markets Islamic Account

 

FAQ’s

 

What is the difference between a demo and a live trading account?

A demo account provides the trader with a practice account that can be used to practice trading in a risk-free environment.

Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.

 

Does Key to Markets offer a demo account?

Yes.

 

Can I convert my demo account to a live trading account with Key to Markets?

Yes.

You will be able to convert your demo account quickly as Key to Markets requires that proof of ID and residence be uploaded for the demo account, this conversion should be quicker as opposed to having to go through the entire registration process.

 

Which live trading accounts does Key to Markets offer?

  • MT4 Standard Account – minimum deposit of US Dollar 100, zero commissions on trades, spreads from 1.0 pips along with raw spreads.
  • MT4 Pro Account – minimum deposit of US Dollar 100, commissions of US Dollar 0.08 RT per 1 Microlot traded, traders using this account will have access to raw spreads starting from 0.1.

 

What are the available deposit currencies for a live trading account?

  • USD
  • EUR, and
  • CHF

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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